Press release
Injection Pen Market Size Expected to Reach $100.01 Billionย by 2034, Growing at a CAGR of 7.9%
Injection Pen Market
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
An injection pen is a widely used device for administering medication, providing a more convenient and easy method. These pens are more popular than vials and syringes as they allow for quicker administration of medication. Injection pens come in two varieties: disposables and reusables, both used for administering medications. Disposable pens come with insulin cartridges that are pre-filled and thrown away once used.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/injection-pen-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โข The growing incidence of long-lasting illnesses such as cancer, diabetes, rheumatoid arthritis, and multiple sclerosis has greatly raised the need for injectable drugs.
โข The increasing number of older adults is crucial in creating a need for injection pens, as seniors are at a higher risk of developing multiple chronic health issues that necessitate consistent medication.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
With so many businesses involved, the market is projected to become more competitive as it continues to grow. Here is the list of the leading companies operating in the injection pen market:
โข BD
โข Eli Lilly
โข Ypsomed AG
โข Biocon
โข Pfizer Inc.
โข Novartis AG
โข Novo Nordisk A/S
โข Sanofi
โข Owen Mumford Ltd.
โข Merck KGaA
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/injection-pen-market/request-for-discount-pricing
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
By Product Outlook:
โข Disposable
โข Reusable
By Application Outlook:
โข Diabetes
โข Anaphylaxis
โข Osteoporosis
โข Growth Hormone Deficiency
โข Arthritis
โข Others
By End Use Outlook:
โข Hospital
โข Clinics
โข Home Care Settings
The injection pen market is mainly segmented based on the product, application, end use, and region. Based on the product analysis, the reusable segment held the larger market share in 2024 because of its affordability, eco-friendliness, and ease of use. The capacity to customize dosages using refillable pens, in addition to their sturdy construction and ability to work with various medications, increases patient compliance and contentment.
Furthermore, according to the end use analysis, during the projection period, the clinics segment is anticipated to witness the highest CAGR due to the growing trend towards outpatient care and the rise in specialized clinics providing treatment for chronic illnesses.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/injection-pen-market/inquire-before-buying
๐๐ง๐ฃ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข In terms of product, in 2024, the reusable segment dominated the injection pen market due to its advantages such as cost-effectiveness and sustainability.
โข The clinics segment, based on end use, is expected to witness the highest CAGR during the forecast period due to growing emphasis on preventive care.
โข In 2024, North America dominated the injection pen market share due to high patient awareness regarding chronic disease management.
โข The Asia Pacific market is expected to witness significant growth during the forecast period due to increasing prevalence of diabetes and other chronic conditions.
โข A few global key market players are BD, Eli Lilly, Ypsomed AG, Biocon, Pfizer Inc., Novartis AG, Novo Nordisk A/S, Sanofi, Owen Mumford Ltd., and Merck KGaA.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
US Dental Implants Market:
https://www.polarismarketresearch.com/industry-analysis/us-dental-implants-market
Asia Pacific Skin Boosters Market:
https://www.polarismarketresearch.com/industry-analysis/asia-pacific-skin-boosters-market
Specialty Medical Chairs Market:
https://www.polarismarketresearch.com/industry-analysis/specialty-medical-chairs-market
Cardiovascular Device Market:
https://www.polarismarketresearch.com/industry-analysis/cardiovascular-device-market
North America Hearing Aid Market:
https://www.polarismarketresearch.com/industry-analysis/north-america-hearing-aid-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
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New York City, NY 10005,
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Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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